You purchased 1,000 shares of fund ABC for $35.00 NAV per share. You elected the dividend reinvestment plan and had all dividend and capital gains distributions reinvested in additional shares
You just closed your account and sold 1,100 shares for $30 NAV. What was your total return on this investment?
A) -6.06%
B) -5.71%
C) 5.71%
D) 6.06%
Answer: B
Business
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a. true b. false
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Indicate whether the statement is true or false.
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